Investing

Global Asset Allocation Update

By |2018-08-02T09:20:03+00:00August 1st, 2018|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is evenly split. The only change to the portfolio is the one I wrote about last week, an exchange of TIP for SHY. Interest rates are on the rise again, the 10-year Treasury yield punching [...]

Bi-Weekly Economic Review: Welcome To The Slowdown

By |2018-07-07T23:53:47+00:00July 6th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Investing, Markets, Monthly Macro Monitor, Politics, Stocks|

Welcome to the slowdown. It isn't much - yet - and it may just be a passing phase, but there is little doubt that the US economy has slowed somewhat. The rise in short term interest rates has stalled and the long end of the curve has rallied. The result is a flatter yield curve [...]

Global Asset Allocation Update

By |2018-05-15T17:53:08+00:00May 15th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

The risk budget changes this month as I add back the 5% cash raised in late October. For the moderate risk investor, the allocation to bonds is still 50% while the risk side now rises to 50% as well. I raised the cash back in late October due to the extreme overbought nature of the [...]

Global Asset Allocation Update: Tariffs Don’t Warrant A Change…Yet

By |2018-03-09T11:28:10+00:00March 9th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Global Asset Allocation Update, Investing, Markets, Politics, Stocks|

There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. We have had continued volatility since the last update but the market action so far is pretty mundane. The initial selloff halted at the 200 day moving average [...]

Global Asset Allocation Update:

By |2018-02-07T17:14:32+00:00February 7th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Stocks|

There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. Despite the selloff of the last week I don't believe any portfolio action is warranted. While the overbought condition has largely been corrected now, the S&P 500 is [...]

2018 Social Security and Medicare Changes

By |2018-01-18T10:32:34+00:00January 18th, 2018|Financial Planning|

Every new year brings changes and for 2018 the Federal Government has made changes to Social Security and Medicare. Surprise, surprise! Some retirees get a raise. Some workers will see more come out of their checks for future benefits. And most Medicare recipients will pay more for health care. First, the good news. For the [...]

Bi-Weekly Economic Review: Housing Market Accelerates

By |2018-01-02T17:19:29+00:00January 2nd, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Investing, Markets, Monthly Macro Monitor, Stocks, Taxes/Fiscal Policy|

The economy ended 2017 with current growth just slightly above trend. In general the reports of the last two weeks of the year were pretty good with housing a standout performer going into the new year. We are still trying to get past the impact - positive and negative - from the hurricanes a few [...]

The Financial Checkup

By |2018-01-18T10:43:24+00:00December 22nd, 2017|Financial Planning, Taxes/Fiscal Policy|

When was the last time you - or you and your financial adviser - did a top to bottom review of your entire financial situation? For most people, the answer to that question is really easy - never. It is a daunting task to think about all the things that affect your finances. And sometimes [...]

A Prudent Man (Person)

By |2017-11-14T14:24:53+00:00November 13th, 2017|Investing|

Prudence: noun 1. The ability to govern and discipline oneself by the use of reason 2. Sagacity or shrewdness in the management of affairs 3. Skill and good judgment in the use of resources 4. Caution or circumspection as to danger or risk Synonyms: alertness, care, carefulness, cautiousness, chariness, circumspection, gingerliness, guardedness, heedfulness, caution, wariness [...]